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City / Town Overview

Elgin, IL

Aggregate real estate market report across all ZIPs in scope
Seller's Market
July 2026  ·  Source: Realtor.com

Market Analysis

Data as of July 2026. Source: Realtor.com.

The Elgin, IL real estate market currently shows 289 active listings, with 157 pending sales. Homes are averaging 30.5 days on the market before going under contract.

Inventory has tightened compared to last year, with 12 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 30.5 days on market compared to 30.7 days last year.

The median listing price has fallen 0% year-over-year, from $426,875 to $426,808.

Whether you are buying or selling in Elgin, IL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 124,298  ·  Density: 1,049.5/mi²  ·  Median household income: $91,422

Typical home value: $250,508  ·  Homeownership: 73.2%

Included Areas

Fieldstone: 60120

Elgin: 60121

Maple Manor: 60123

Russinwood: 60124

Area Map

Market Overview

Active Listings
289
⇩ 4% vs 301 last year
Pending
157
54% pending ratio
Median Price
$426,808
vs $426,875 last year
Average Price
$445,279
⇧ 1.4% vs $439,060 last year
Days on Market
30.5
⇩ 0.7% vs 31 days last year

Price Per Square Foot

Median $/sqft
$202
⇧ 0.9% vs $200/sqft last year
Median Home Size
2,053 sqft
Typical listing size
12-Month $/sqft Trend

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %